Insider Buying: IAMGOLD Co. (TSE:IMG) Director Buys C$41,450.00 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Christiane Bergevin purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of C$8.29 per share, for a total transaction of C$41,450.00.

IAMGOLD Trading Up 1.6 %

IAMGOLD stock opened at C$8.46 on Monday. The firm has a 50 day simple moving average of C$8.43 and a 200-day simple moving average of C$7.74. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The stock has a market capitalization of C$3.44 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD Co. has a 12-month low of C$3.94 and a 12-month high of C$9.68.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. National Bankshares raised their price target on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$8.68.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.